DCAA COMPLIANT SYSTEMS

Meet DCAA Compliance & Adhere to FAR

Meet and adhere to Federal Acquisition Regulations (FAR) to ensure DCAA compliance and eligibility to submit and be awarded DCAA Contracts.

DCAA Compliant Systems: Clients

MEETING DCAA COMPLIANCE

For DCAA compliance, an accounting system must meet specific requirements, including:

GAAP (accrual) accounting method
Specialized chart of accounts
Cost accounting
Compliant timekeeping system
System to generate indirect rates
General ledger that will create job cost reports
Policies and procedures that support the DCAA compliance processes

SET-UP / CONVERSION

Our process relies on accounting software to set up a new system or convert your existing accounting system to meet DCAA compliance. Primary steps include:

Configuring accounting software chart of accounts
Setting up cost accounting and required labor distribution
Implement timekeeping system with interface to accounting software
Establishing an indirect rate structure
Customizing project financial reports
Writing key accounting/timekeeping policies
Training client to maintain the new system

Accounting system implementations include: Unanet Financials, JAMIS Prime ERP, QuickBooks, and more.